Is trend reversing in Godrej Consumer?Is trend reversing in Godrej Consumer?
Reasons/Traits :
• Price is exactly at a point for breakdown of the trend (4th time trying to breakdown)
• 0.236 level will it break or take support to go up?
• Price about to touch 50 EMA
• Bullish since May
• RSI strength is reducing and is below 50
• Price is lower than previous higher highs
• Perfectly trying to reverse the wave trend
What can happen next :
Scenario 1 : Price sustaining 0.236 level can go up to 1140 and up taking 50 EMA support
Scenario 2 : Price break down of trend or 0.236 levels go to 0.382/0.5/0.618 levels to meet 200 EMA
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Retest
TIRUMALCHM - Retest Structure - Multi year breakout - SwingThe analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
DOLAT - Retest Structure - Morning Star - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NESTLE - Retest Structure - Investment/Trading opportunityThe analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
LALPATHLAB - Breakout (Retest & Reversal) Least Risk Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
BATAINDIA - Retest Structure - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Traingle BO - RESTEST : EQUITAS15 weeks consolidation
triangle BO
retesting the upper trendline
holding 50 DMA
if hold the line, can go further
SL - 120
TGT - 164-180
TRADING A BREAKOUT ft. SHIBWhile trading a breakout make sure you follow this strategy:-
1) Spot a bullish/bearish pattern (LONG/SHORT)
2) Look for a solid BREAKOUT by a green bullish candle (for if you're going long) and red bearish candle (if short) accompanied by a rise/fall in volume and bullish/bearish RSI (preferably above 60 for long & below 40 for short)
3) RETEST - A candle that touches your breakout zone and make sure it does not close below the zone. Most traders buy here but if you are still doubtful, after all Every trader has FOMO (Fear of missing out) and it's normal :)
Then always wait for a confirmation candle which should give a solid buy signal, a bullish (For going LONG) & a bearish (If short)
Usually I take 1:3 RISK-TO-REWARD Ratio so set a target, Stop loss and you are all set to rock.
THANKS FOR READING.
Presented to you by Lekisha Katyal
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Oil India breakout and RestestAfter a breakout of Oil India
Some people booking profits
Now second chance for those who missed to ride the breakout now its retesting previous Resistance became Support now and confirmation candle is now also Fibbonaci support here its good time to catch this.
SL below last swing and risk reward ratio is 1:2
🙏Note :- this is my Analysis don't take it as buy or sell recommendation
😊Invest at your own risk.